Q: Looks like another quality pickup by TVK. Is the acquisition of Advance Engineered Products material for TVK? Any other thoughts on this deal?
5i Research Answer:
Terms were not disclosed but it looks like a solid tuck-in deal. AEP focuses primarily on tanker trailers. It has been around for 30 years and has 250 employees. It may not be hugely material to earnings but looks solid otherwise from the little information that has been released.